Business Support · Founded 1983 · www.starlog.in · BSE 520155 · NSE STARLOG · ISIN INE580C01019
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Business
Starlog Enterprises Ltd. operates in the Business Support sector in India. Companies in this sector typically provide a range of services to other businesses to enhance their operational efficiency, reduce costs, or allow them to focus on core competencies. While specific services offered by Starlog Enterprises Ltd. are not detailed, common business support services include facilities management, administrative support, human resources outsourcing, IT support, logistics, customer service, and consulting. The company's core business model likely involves offering these services on a contractual basis, project basis, or through a fee-for-service model, generating revenue from client companies across various industries.
Revenue Mix
Information regarding Starlog Enterprises Ltd.'s specific business segments or a detailed breakdown of its revenue mix is not available. Companies in the Business Support sector often categorize services by type (e.g., HR, IT, facilities) or by client industry.
Industry
The Business Support industry in India is generally dynamic, competitive, and driven by the country's economic growth and increasing corporate formalization. It is often fragmented, with a mix of large integrated service providers and numerous smaller, specialized firms. Demand is fueled by businesses seeking to outsource non-core functions to improve efficiency and reduce overheads. Without specific details on Starlog Enterprises Ltd.'s particular services or market share, its precise positioning relative to peers (e.g., as a generalist, specialist, cost leader, or premium provider) cannot be determined.
MOAT
Specific competitive advantages for Starlog Enterprises Ltd. are not ascertainable from the provided information. In the broader Business Support sector, potential moats can include:
Scale and Cost Efficiency: Ability to offer services at competitive prices due to operational scale.
Specialized Technology/Expertise: Proprietary tools or deep domain knowledge in niche areas.
Customer Relationships & Switching Costs: Long-term contracts and integrated services that make it difficult or costly for clients to switch providers.
Brand Reputation: A strong reputation for reliability and quality of service.
Network Effects: Less common in this sector, but could apply to platform-based support services.
Growth Drivers
Key factors that can drive growth for Starlog Enterprises Ltd. over the next 3-5 years, assuming it aligns with general industry trends, include:
Economic Growth in India: A robust economy typically leads to increased business activity and demand for support services.
Increased Outsourcing Trends: More companies opting to outsource non-core functions to specialized providers.
Digital Transformation: Adoption of new technologies (e.g., AI, automation) to enhance service delivery and create new offerings.
Demand for Specialized Services: Growing complexity in business operations drives demand for specialized expertise that in-house teams may lack.
Cost Optimization by Clients: Businesses continually seek ways to reduce operational costs, making outsourcing an attractive option.
Risks
Starlog Enterprises Ltd. likely faces several business risks common to the Business Support sector:
Economic Downturns: A slowdown in the economy can reduce corporate spending and demand for support services.
Intense Competition: The fragmented nature of the industry can lead to pricing pressures and margin erosion.
Technological Disruption: Failure to adopt new technologies could lead to inefficiency or obsolescence of services.
Talent Acquisition & Retention: Difficulty in recruiting and retaining skilled personnel, particularly in specialized service areas.
Client Concentration: Over-reliance on a few large clients could pose a risk if contracts are lost or reduced.
Regulatory Changes: Evolving labor laws, data privacy regulations, or industry-specific compliance requirements.
Management & Ownership
As an Indian company with the ticker ABGHEAVY, it is typical for Starlog Enterprises Ltd. to have a promoter group that holds a significant stake and provides strategic direction. Specific details regarding the quality of management, key individuals, or the precise ownership structure are not available.
Outlook
Starlog Enterprises Ltd. operates within India's growing Business Support sector, which stands to benefit from ongoing economic expansion and the trend of businesses seeking to optimize operations through outsourcing. The company's future performance will largely depend on its ability to effectively compete, adapt to evolving client needs, and leverage technological advancements in service delivery. While the industry offers significant growth potential, challenges such as intense competition and the need for continuous innovation to maintain relevance will be critical factors. A balanced view suggests that success will hinge on strategic execution, service differentiation, and prudent risk management within this competitive environment.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 3 | 3 | 3 | 5 | 3 | 3 | 2 | 2 | 2 | 3 |
| Other Income | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 15 | 3 | 4 | 5 | 3 | 3 | 2 | 3 | 3 | 3 |
| Total Expenditure | 10 | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 3 |
| Operating Profit | 5 | 1 | 1 | 2 | -1 | -1 | -2 | -1 | -3 | 1 |
| Interest | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 25 | 1 | 3 | 0 | -1 | 0 | -1 | 0 |
| Profit Before Tax | 4 | 0 | 24 | 2 | 0 | -2 | -3 | -2 | -6 | -1 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 4 | 0 | 24 | 2 | -0 | -2 | -3 | -2 | -6 | -1 |
| Adjustments | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 4 | 0 | 24 | 2 | -0 | -2 | -3 | -2 | -6 | -1 |
| Adjusted Earnings Per Share | 3.2 | 0.2 | 20.2 | 1.5 | -0 | -1.3 | -2.2 | -1.3 | -3.8 | -0.6 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 118 | 98 | 373 | 126 | 192 | 171 | 179 | 47 | 12 | 14 | 10 | 9 |
| Other Income | 15 | 2 | 2 | 11 | 16 | 17 | 14 | 29 | 9 | 1 | 1 | 0 |
| Total Income | 133 | 100 | 376 | 136 | 208 | 188 | 192 | 76 | 21 | 15 | 11 | 11 |
| Total Expenditure | 87 | 75 | 384 | 124 | 165 | 142 | 154 | 54 | 13 | 11 | 17 | 16 |
| Operating Profit | 46 | 25 | -8 | 12 | 44 | 46 | 38 | 22 | 8 | 3 | -6 | -5 |
| Interest | 57 | 50 | 46 | 59 | 70 | 65 | 64 | 18 | 7 | 1 | 1 | 1 |
| Depreciation | 45 | 34 | 29 | 32 | 31 | 29 | 26 | 8 | 4 | 4 | 4 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 27 | 0 | 0 | -4 | 3 | 91 | 0 | 29 | -2 | -2 |
| Profit Before Tax | -55 | -59 | -57 | -79 | -57 | -51 | -49 | 87 | -3 | 26 | -13 | -12 |
| Provision for Tax | 6 | -7 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -61 | -52 | -57 | -79 | -57 | -51 | -50 | 86 | -3 | 26 | -13 | -12 |
| Adjustments | 1 | -6 | 6 | 24 | 16 | 8 | 11 | 0 | 0 | 0 | 1 | 0 |
| Profit After Adjustments | -60 | -58 | -51 | -55 | -41 | -43 | -39 | 86 | -2 | 26 | -13 | -12 |
| Adjusted Earnings Per Share | -50 | -48.5 | -42.6 | -45.8 | -34.5 | -36.2 | -32.6 | 72 | -2 | 21.9 | -8.6 | -7.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -29% | -40% | -43% | -22% |
| Operating Profit CAGR | -300% | NAN% | NAN% | NAN% |
| PAT CAGR | -150% | NAN% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -28% | 5% | 21% | -10% |
| ROE Average | -22% | 4% | 2% | -27% |
| ROCE Average | -19% | 12% | 14% | 6% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 194 | 121 | 70 | 15 | -26 | -69 | -110 | -9 | 34 | 61 | 63 |
| Minority's Interest | 66 | 80 | 59 | 35 | 19 | 11 | 0 | 37 | 5 | 5 | 5 |
| Borrowings | 358 | 201 | 270 | 247 | 450 | 368 | 422 | 125 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 32 | 35 | 46 | 45 | 46 | 38 | 35 | 23 | 33 | 29 | 29 |
| Total Current Liabilities | 322 | 255 | 493 | 572 | 401 | 462 | 407 | 173 | 63 | 20 | 17 |
| Total Liabilities | 972 | 692 | 939 | 914 | 890 | 810 | 754 | 349 | 136 | 119 | 118 |
| Fixed Assets | 491 | 395 | 333 | 655 | 610 | 576 | 541 | 210 | 22 | 23 | 24 |
| Other Non-Current Assets | 320 | 200 | 470 | 126 | 137 | 112 | 114 | 57 | 54 | 39 | 28 |
| Total Current Assets | 161 | 97 | 136 | 133 | 143 | 122 | 98 | 82 | 60 | 56 | 65 |
| Total Assets | 972 | 692 | 939 | 914 | 890 | 810 | 754 | 349 | 136 | 119 | 118 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 34 | 10 | 6 | 10 | 9 | 16 | 16 | 7 | 14 | 6 | 3 |
| Cash Flow from Operating Activities | 62 | 33 | 16 | 10 | 73 | 49 | 37 | -37 | 1 | -16 | -9 |
| Cash Flow from Investing Activities | -44 | -12 | -65 | -196 | 20 | 9 | 13 | 412 | -7 | 4 | 1 |
| Cash Flow from Financing Activities | -39 | -24 | 53 | 184 | -86 | -59 | -58 | -368 | -3 | 10 | 14 |
| Net Cash Inflow / Outflow | -21 | -3 | 4 | -2 | 7 | -0 | -9 | 7 | -8 | -3 | 7 |
| Closing Cash & Cash Equivalent | 12 | 6 | 10 | 9 | 16 | 16 | 7 | 13 | 6 | 3 | 10 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -49.98 | -48.46 | -42.61 | -45.8 | -34.52 | -36.22 | -32.56 | 72.05 | -1.96 | 21.86 | -8.57 |
| CEPS(Rs) | -13.96 | -15.16 | -22.8 | -39.01 | -21.73 | -18.45 | -19.55 | 78.95 | 1.05 | 25.42 | -6.35 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 162.05 | 101.48 | 58.38 | 12.77 | -21.65 | -57.85 | -92.13 | -7.51 | 28.8 | 50.66 | 41.99 |
| Core EBITDA Margin(%) | 26.28 | 23.59 | -2.89 | 1.1 | 14.25 | 16.99 | 13.86 | -15.73 | -7.06 | 17.11 | -71.08 |
| EBIT Margin(%) | 0.97 | -9.25 | -2.9 | -16.03 | 6.7 | 7.75 | 8.36 | 223.68 | 32.49 | 200.62 | -119.76 |
| Pre Tax Margin(%) | -46.86 | -60.67 | -15.22 | -62.8 | -29.54 | -30.09 | -27.58 | 184.62 | -21.62 | 190.7 | -132.53 |
| PAT Margin (%) | -51.81 | -53.49 | -15.21 | -62.81 | -29.63 | -30.1 | -27.78 | 183.57 | -21.62 | 188.86 | -136.16 |
| Cash Profit Margin (%) | -14.13 | -18.53 | -7.31 | -37.14 | -13.55 | -12.92 | -13.08 | 201.6 | 10.11 | 220.31 | -96.36 |
| ROA(%) | -6.33 | -6.3 | -6.96 | -8.52 | -6.3 | -6.05 | -6.35 | 15.6 | -1.11 | 20.47 | -11.36 |
| ROE(%) | -26.92 | -33.22 | -59.34 | -185.48 | 0 | 0 | 0 | 0 | -21.13 | 54.84 | -21.77 |
| ROCE(%) | 0.16 | -1.57 | -2.29 | -3.56 | 2.09 | 2.38 | 2.94 | 31.98 | 3.75 | 51.9 | -19.14 |
| Receivable days | 174.9 | 209.85 | 54.41 | 166.09 | 107.64 | 104.34 | 81.79 | 292.79 | 1005.52 | 849.54 | 1149.6 |
| Inventory Days | 7.35 | 10.62 | 2.14 | 7.48 | 10.55 | 16.36 | 15.9 | 40.61 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.31 | 0 | 3.71 | 0 |
| Price/Book(x) | 0.58 | 1.07 | 0.79 | 1.32 | -0.88 | -0.21 | -0.15 | -3.02 | 1.26 | 1.6 | 0.89 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 5 | 4.67 | 1.21 | 5.08 | 3.18 | 3.47 | 3.35 | 4 | 3.97 | 6.82 | 4.65 |
| EV/Core EBITDA(x) | 12.93 | 18.17 | -54.57 | 52.68 | 14.03 | 12.8 | 15.61 | 8.57 | 6.18 | 29.72 | -7.43 |
| Net Sales Growth(%) | 7.1 | -17.15 | 281.06 | -66.31 | 52.67 | -10.92 | 4.57 | -73.78 | -73.43 | 10.9 | -28.52 |
| EBIT Growth(%) | -17.21 | -887.78 | -19.33 | -86.44 | 163.84 | 2.97 | 12.81 | 601.52 | -96.14 | 584.81 | -142.67 |
| PAT Growth(%) | -97.24 | 14.46 | -8.37 | -39.11 | 27.99 | 9.51 | 3.49 | 273.24 | -103.13 | 1068.87 | -151.53 |
| EPS Growth(%) | -101 | 3.04 | 12.07 | -7.5 | 24.64 | -4.92 | 10.1 | 321.29 | -102.73 | 1213.15 | -139.19 |
| Debt/Equity(x) | 2.58 | 2.81 | 5.91 | 41.46 | -23.52 | -8.67 | -5.41 | -19.9 | 0.34 | 0 | 0 |
| Current Ratio(x) | 0.5 | 0.38 | 0.28 | 0.23 | 0.36 | 0.26 | 0.24 | 0.48 | 0.95 | 2.83 | 3.76 |
| Quick Ratio(x) | 0.49 | 0.38 | 0.27 | 0.23 | 0.34 | 0.25 | 0.22 | 0.47 | 0.95 | 2.83 | 3.76 |
| Interest Cover(x) | 0.02 | -0.18 | -0.24 | -0.34 | 0.18 | 0.2 | 0.23 | 5.73 | 0.6 | 20.24 | -9.37 |
| Total Debt/Mcap(x) | 4.43 | 2.63 | 7.47 | 31.41 | 26.8 | 40.76 | 36.89 | 6.59 | 0.27 | 0 | 0 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 64.44 | 64.44 | 64.44 | 64.44 | 64.44 | 51.52 | 51.52 | 51.52 | 51.52 | 51.52 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 35.56 | 35.56 | 35.56 | 35.56 | 35.56 | 48.48 | 48.48 | 48.48 | 48.48 | 48.48 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 | 0.73 | 0.73 | 0.73 | 0.73 | 0.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -29% | -40% | -43% | -22% |
| Operating Profit CAGR | -300% | 0% | 0% | 0% |
| PAT CAGR | -150% | 0% | — | — |
| Share Price CAGR | -28% | +5% | +21% | -10% |
| ROE Average | -22% | +4% | +2% | -27% |
| ROCE Average | -19% | +12% | +14% | +6% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 64.44 | 64.44 | 64.44 | 64.44 | 64.44 | 51.52 | 51.52 | 51.52 | 51.52 | 51.52 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 35.56 | 35.56 | 35.56 | 35.56 | 35.56 | 48.48 | 48.48 | 48.48 | 48.48 | 48.48 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 | 0.73 | 0.73 | 0.73 | 0.73 | 0.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 |
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